Four Billion records exposed, and reported data breaches increased more than 50% in first half of 2019

2019 looks set to be another record-breaking year for the sheer number of reported data breaches and exposed records.

According to a report by Risk Based Security, the number of breaches and exposed records surged by more than 50% in the first six months of 2019 when compared to the same timeframe in 2018.

4.1 billion records were compromised and 3,816 data breaches were publicly disclosed. In the case of the compromised records the vast majority of them were the result of just eight major breaches and all were the result of misconfigured databases being discovered by hackers.

By only recording publicly disclosed breaches the actual figure is likely to be far higher in reality.

Cyber-crimes cost £2.3 million per minute in 2018

With the number of attacks and data breaches already on course to beat 2018s figures, a separate report alludes that the cost of such attacks will also likely rise. Data published by RiskIQ showed that cyber incidents cost the global economy £1.2 trillion in 2018, equating to a staggering £2.3 million per minute.

Phishing attacks were shown to cost the global economy £14,200 per minute and ransomware £17,817.

With such huge numbers, you may be wondering how you can possibly reduce the cybersecurity risks. The good news is that effective cybersecurity doesn’t have to be expensive.